Fact check: Flutterwave raised a Series E funding round at a $3.25 billion valuation.

Verdict: mostly true — Trust Score 74/100

The claims made by @techcabal reported by PR Newswire, Bloomberg, and Techpoint Africa. The post accurately reports Flutterwave's Series E funding round, its $3.25 billion valuation, and the strategic partnership with Ripple to integrate RLUSD stablecoins into its African payment infrastructure.

Platform
instagram
Source author
techcabal — see all fact-checks of this account
Original post
https://www.instagram.com/p/DZpT3dpDM0J/?igsh=ZXA1ZnczMW1vYW53
Verified on
June 17, 2026
Verification ID
qai0PLNqI6woI5Op9RIO2g

Original content reviewed

Platform: INSTAGRAM Author: @techcabal --- Caption/Description --- @theflutterwave, Africa’s most valuable fintech company, has raised a Series E round at a $3.25 billion valuation after a strategic investment from Ripple, a United States-based blockchain payments company. The investment lands as Flutterwave pulls more of its payments stack in-house and pushes toward a one-stop financial platform. “We are now running a multi-product platform. We have banking, we have payments, we have everything, and now we have stablecoins,” Olugbenga “GB” Agboola, Flutterwave’s founder and chief executive, said. “Nobody has our infrastructure at scale right now,” he added. “We do not see competition for this.” Get the full story at the link in bio. #techcabal #tcnews #valuation #startupnews --- Carousel/Slides (8 items) --- Slide 1 (image): Text: NEWS Flutterwave raises a Series E round at a $3.25 billion valuation techcabal Slide 2 (image): Text: Flutterwave, Africa's most valuable fintech company, has raised a Series E round at a $3.25 billion valuation after an investment from Ripple, a United States- based blockchain payments company. techcabal Slide 3 (image): Text: "Ripple did invest significantly in Flutterwave, an actual cash investment, so they are now an equity shareholder of the company," Olugbenga "GB" Agboola, Flutterwave's founder and chief executive, told TechCabal. techcabal Slide 4 (image): Text: Ripple's investment marks Flutterwave's latest move into stablecoins as both companies integrate RLUSD, Ripple's stablecoin, into Flutterwave's payment infrastructure. techcabal Slide 5 (image): Text: The new valuation is a modest step up from the $3 billion Flutterwave reached in February 2022, when it closed a $250 million Series D led by B Capital, a global venture capital firm. techcabal Slide 6 (image): Text: Agboola said the round was a primary investment, with the cash going onto Flutterwave's balance sheet, and that no secondary sale

Claims analyzed (5)

  1. mostly true: Flutterwave raised a Series E funding round at a $3.25 billion valuation.
    Multiple financial news reports from June 16-17, 2026, confirm Flutterwave's Series E round and the $3.25 billion valuation (some sources round to $3.2B or $3.3B, but TechCabal's specific figure is widely cited).
  2. verified: Ripple, a United States-based blockchain payments company, made a strategic investment in Flutterwave.
    Ripple's participation as a strategic investor in Flutterwave's Series E was officially announced by both companies on June 16, 2026.
  3. mixed: Flutterwave's platform now includes banking, payments, and stablecoins.
    Flutterwave secured a Nigerian banking license in April 2026 and announced the integration of Ripple's RLUSD stablecoin in June 2026, completing its multi-product transition.
  4. mixed: Olugbenga Agboola is the founder and CEO of Flutterwave.
    Olugbenga 'GB' Agboola is the well-documented founder and current CEO of Flutterwave.
  5. mixed: The new valuation is a modest step up from the $3 billion Flutterwave reached in February 2022.
    Historical records confirm Flutterwave hit a $3 billion valuation in February 2022 following its $250 million Series D round.

Sources consulted (5)

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